12009, Altamont, NY

Altamont is a small town in the Catskill Mountains of New York. The population was just over 2,000 in 2010. Home prices in Altamont have been on the rise for the past few years, and they are now among the highest in the county. In fact, according to Zillow, as of September 2016, the median home value in Altamont was $269,000.

The main reason that home prices have been increasing so much in Altamont is because of its close proximity to both New York City and Albany. Both cities are experiencing high levels of demand for housing, which has driven up prices throughout the area. Additionally, there is a lot of investment money flowing into Altamont due to its strong economy and low unemployment rate. This has led to an influx of new residents and increased demand for housing stock.

Despite these positive factors, there are some risks associated with buying or owning a home in Altamont. One such risk is that interest rates could go up at any time, which would make it more difficult for people to afford their homes. Another potential issue is that if there is a recession or another economic downturn in either New York City or Albany, then people who live near those cities may find it harder to find jobs and earn enough money to keep their homes (since they would no longer be able to afford them). Finally, although Altamont's economy is doing well right now, it's possible that things could change down the road and this could lead to a decrease in home values here as well.